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THE NEWS |
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President of India inaugurates NAFCUB's 9th All
India Conference; Deputy Governor Usha Thorat
expresses solidarity with the sector
collectivity.
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NAFCUB writes to RBI on the
difficulties in implementing RBI's
policy of shifting to branches.
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Guidelines for non-SLR investments by
urban banks, issues by the RBI -
NAFCUB asks for clarifications.
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RBI issues clarification on deposits
with State Co-operative Banks and
District Central Co-operative Banksa
for SLR.
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RBI issues revised guidelines for
priority sector lending.
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RBI to constitute a committee for
technology adoption by urban
co-operative banks.
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23rd
Standing Advisory Committee to be held
on December 18, 2007.
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NAFCUB'S VISION |
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"NAFCUB
is committed to work towards
building a strong and viable urban
co-operative banking and credit
system across the Country, to
strive for level playing field for
the institutions, to be an
effective voice of the sector, to
work towards eliminating visible
weaknesses and infirmities, to
provide the training and other
support and to knit the
institutions into a cohesive unit
for them to benefit from strength
of being in co-operative system."
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VISION FOR URBAN BANKS |
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Vision of UCBs is to be sound and
strong, truly member owned,
democratically controlled and
ethically managed banking
institutions with high degree of
transparency, providing need based
banking services essentially to
the middle class, lower-middle
class and marginalized sections of
society." |
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ADVOCACY BY NAFCUB |
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Permission for all Grade I banks
to expand without much
restrictions.
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Level playing field to the urban
banks wherever regulatory norms
are at par with those for
commercial banks.
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Recognition of the fact that the
client base of urban
co-operative banks entail their
higher risk taking; RBI to
prescribe prudential norms,
taking this aspect into account.
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Need for a structure that
provides institutional
protection in terms of liquidity
and other supports to hundreds
of stand along small urban
banks.
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Provide support to technology
adoption efforts of UCBs
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